Effects of Greed in Gambling

[RILWAN]

Gambling to many people is just a way of fun and spending free moments, but to some others, gambling is a way of making passive income well the both are right but how we handle our responsibility matter in our entire well-being.

Many gamblers have become addicted because of the quest to make more profits and some run into debt just trying to recover what there have lost in gambling all because of uncontrolled greed.

First, we have to understand what greed is and how it affects our decisions in gambling.

 (Greed) is letting your desire to make excessive profit-taking the major part of your decision making, this has led so many gamblers to make an unhealthy decision at all time and as a gambler, we must stay away from greed because of its aftermath negative effect

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[AicecreaME]

Greed will be always the worst thing in any activities you'll do in your life. In gambling, greed gives you the "you're gonna be s millionaire" mindset but the sad truth about it is you're not. Greed will blind you to see the truth, the reality about how you play gambling, that's why you'll continue to gamble your money even though you're not making any profits and convincing yourself that you're enjoying it, so why stop.

[Alisha-k]

Greed is a killing factor not just in gambling sector alone but in life generally. What greed does to a gambler is exactly what death does to a criminal. Once a gambler removes fun from his/her motive of gambling such is set to attract emotional trauma if the entire money goes down most times it might keep such in perpetual debt. Keep the gambling for just for fun.

[Luzin]

Greed will be always the worst thing in any activities you'll do in your life. In gambling, greed gives you the "you're gonna be s millionaire" mindset but the sad truth about it is you're not.

You are right.
Anything that is excessive and greedy is bad. It will create problems for yourself that end up regretting. You have to know when you start and when you end. You must have a good plan for your actions. Usually a greedy person will have a sad ending. In history I have never heard of a greedy person living a quiet life.

[xSkylarx]

In terms of gambling, I believe this is the most difficult to overcome because we all know that if we keep winning, controlling our emotions becomes increasingly difficult unless we are used to it. Greed causes people to lose a lot of money because they are unable to control their bets, resulting in large losses. Usually, this happens in all-in bets because you thought you could double your money but it was a loss. The issue now is that it is extremely difficult to maintain control but hoping that over time you could control it.

[VanityWallets2015]

I don't know if anyone of you experience this, mostly here's what happen to me: Placing small bets (doesn't care) > win > win > more winning > started to get serious > win > win. From this point I can choose whether to enjoy my winnings or be greedy and of course choose to be greedy and I ended up losing all.

[Rruchi man]

Greed is really dangerous all round, not only in gambling. A greedy gambler cannot earn and hold much because of his/her insatiable nature. I have once been in a gambling house in my country and witnessed someone who came in to gamble on virtual games, after two games he made an amount not so big but like three times what he brought to gamble with.

Instead of him to call it quits for that day and take his earnings away, he decided to play some more games probably thinking that he will make more. He played some more and lost all the money he made including the original amount he brought in with him and left sad and depressed.

This is a perfect example of greed in gambling that can lead to loss of capital and profit and can also cause sadness and depression.

[mu_enrico]

gambling is a way of making passive income well the both are right but how we handle our responsibility matter in our entire well-being.

Passive income is "doing nothing" by its definition. If you get some income via gambling, it's still active income (even if you use auto play feature). Passive income in gambling is when you invest in the house bankroll.

Gambling is the "game of greed." Without greed, there's no gambling.

[fiulpro]

I know a person who invested like 5$ worth of Bitcoins on Roobet and then he ended up making 300$, that was really lucky. For me if I do something like that, I end up loosing everything. Gambling is not a way to make passive income for sure. You have to understand that there are games which are not just based on luck but also skills and these are the one's that you can use to see how far you can go. But when you talk about a game like *crash* it should more or so be a one time thing, these games do not end well if you continue to play. That's where the addiction starts tho, you have to careful and when you see that you are loosing your stance you should take a break and get help with addiction through various services, most of them are free.

[Viscore]

Being greedy in gambling means you don't have the satisfaction and you will just always lose in the long run.

The basic requirement for responsible gambling is to be responsible, because that's the only way you'll be able to minimize the risk and if you will develop your skills, you might also become one of the few gamblers who are successful of making a living in gambling.

[qwertyup23]

gambling is a way of making passive income well the both are right but how we handle our responsibility matter in our entire well-being.

Passive income is "doing nothing" by its definition. If you get some income via gambling, it's still active income (even if you use auto play feature). Passive income in gambling is when you invest in the house bankroll.

Gambling is the "game of greed." Without greed, there's no gambling.

Wait I'm confused, how is gambling considered as 'passive income' ? You are literally engaging yourself against the odds without any guarantee of income on your part. Gambling cannot be, and will never be, considered as passive income (unless you are the owner of the gambling website/establishment).

Gambling is indeed, the game of greed. Without any self-discipline and control, one would have to suffer the consequences of losing all of their resources. Like what most have mentioned, greed is what calls the gambler on getting stuck on the gambler's cycle.

[swogerino]

Greed is the mother of all evils I would say and this is no different in gambling.I think the only driver which drives the criminals is greed,they want more and fast and without being tired by working like all of us do.Greed can make you go broke if you don't know how to control it.In gambling it can make you play more and more until you go broke.Once it does that the next step it can make you become addicted as greed tells to keep playing no matter what.If greed gets you the best you can do is quit immediately gambling and stay calm and think for a few moments,you will realize nothing good can come out of it.

[Twinkledoe]

I think that greed is one of the worst emotions we humans can have when it comes to gambling. Managing our emotions is very important when gambling, so when greed takes over our decision making than we are in a lot of trouble. Greed let's us forget about risks and only focuses on the money we could potentially win. I would expect many greedy gamblers to go broke eventually. It is much better to be a generous gambler. That's why always Tipp your dealer.

I guess, we have a lot of similar discussions already pertaining to this topic. However, let's accept that greed is human nature. So it is up to you as a gambler, how you will manage such behavior. At the end of the day, no one will take care of your business but yourself. You always need to keep in mind your goals why you are in this industry. If you can't afford, better stay away while you can control yourself.

[Tessnik]

Greed is one factor affecting most of us in gambling and even any other investment we must come to terms with the fact that greed and being overly emotional is a loser attitude and have to distance ourselves from greed as it destroys our resources all in the quest to accumulate unmerited profits.

[BlackFor3st]

We all know the answer is "Losing" if you are greedy you wanted more and more wins until you lose. That's always the ending if you choose to be greedy, in other words you will not stop being greedy until you experience lose, it just show that being greedy is not really good especially in playing gambling games.

[bittraffic]

Couldn't agree more. Not knowing when to stop is a common unhealthy decision that somehow leads to loss instead. For the lack of better word we call it greed. We don't stop when we are winning.

Every gambler must have experienced this first hand especially when they think they have discovered the greatest strategy to make gambling as source of income.

[Slow death]

no one likes to lose money, everyone gets angry when they lose money, that's a fact. It is precisely because people lose money that they continue to play and make debts because they think that with this they will be able to recover the losses, but time makes them addicted to games. then there is the problem of high expectations that people create, when they win they start to think they can get rich fast and here they start to become greedy making bets with higher amount of money so that they can get high profit in case of victory , but when they lose money they get angry and don't give up, they start to borrow money or sell goods to continue the game and end up poor, in debt and addicted

[Fesatmas]

actually this topic is often discussed, basically greed in gambling depends on how the person responds to gambling, as a pleasure or as an outlet? That greed mentality usually comes when he keeps wanting more and that's the point.
Not being able to control profits, trying to get more lucky than now, until in the end it's not profit, just in addition to uncontrollable addiction, he will fall into gambling control. Even though ideally we are the ones who control gambling, not us being controlled.

[crwth]

Even if we understand our problem, it doesn't necessarily mean we could solve it already. A lot of the factors that people face with their problems is the acceptance of the situation is. Either you can do anything about it, or you cannot or are not willing to. That's mainly the dilemma that we people face in our daily lives and whether or not someone will get hurt eventually if you didn't tread lightly. Whether it's your family or just someone who cares about you.

That's the part where people tend to fail, the wants that you want to get over the necessity on things to do and greed is just one of them, and the feel of the rush with gambling would make it even worse.

[Yaunfitda]

We have a local saying here *You can't take down the house*, and that is true.

If you have this kind of mentality whenever you play in a landbase or online casino, you will end up losing more. That's why you don't need to be greedy, if you have won big already, it's time to cash out or withdraw your funds. Otherwise, you will be carried by greed and think that you can still make more profits because you are lucky that time. But we all know the "science" behind it, - house edge. Sooner or later house edge will caught up on you and the ending? You lost everything.